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What does Section 129(3) of the Companies Act, 2013 require for companies with subsidiaries?
  • a)
    Companies must prepare consolidated financial statements along with their own.
  • b)
    Companies must exclude subsidiary financial statements from their reports.
  • c)
    Companies must merge their financial statements with those of their subsidiaries.
  • d)
    Companies must only prepare individual financial statements.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What does Section 129(3) of the Companies Act, 2013 require for compan...
Section 129(3) mandates that companies with subsidiaries must prepare consolidated financial statements in addition to their individual financial statements. These consolidated financial statements should be presented in the same form and manner as the company's own financial statements.
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What does Section 129(3) of the Companies Act, 2013 require for companies with subsidiaries?a)Companies must prepare consolidated financial statements along with their own.b)Companies must exclude subsidiary financial statements from their reports.c)Companies must merge their financial statements with those of their subsidiaries.d)Companies must only prepare individual financial statements.Correct answer is option 'A'. Can you explain this answer?
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What does Section 129(3) of the Companies Act, 2013 require for companies with subsidiaries?a)Companies must prepare consolidated financial statements along with their own.b)Companies must exclude subsidiary financial statements from their reports.c)Companies must merge their financial statements with those of their subsidiaries.d)Companies must only prepare individual financial statements.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What does Section 129(3) of the Companies Act, 2013 require for companies with subsidiaries?a)Companies must prepare consolidated financial statements along with their own.b)Companies must exclude subsidiary financial statements from their reports.c)Companies must merge their financial statements with those of their subsidiaries.d)Companies must only prepare individual financial statements.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does Section 129(3) of the Companies Act, 2013 require for companies with subsidiaries?a)Companies must prepare consolidated financial statements along with their own.b)Companies must exclude subsidiary financial statements from their reports.c)Companies must merge their financial statements with those of their subsidiaries.d)Companies must only prepare individual financial statements.Correct answer is option 'A'. Can you explain this answer?.
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